Chainlink (LINK) is at a critical turning point, hovering near a long-term ascending trendline that has historically provided strong support.
A recent analysis from DeFi Dynamos on X pointed out that LINK retested its ascending trendline around the $10.90 zone, with key technical indicators signaling a potential rebound. Momentum oscillators such as the Stochastic RSI and MACD are both bottoming out, and traders are closely watching this level to determine whether it holds or breaks under market pressure.
Long-Term Technical Setup Aligns With Rebound Indicators
On the weekly LINK/USDT chart, Chainlink Price Prediction is currently trading around $10.90, directly above a multi-year ascending trendline. This support level has historically proven reliable, and the current candlestick shows signs of buyer engagement. The Bollinger Bands are tightening, especially near the lower band around $10.31, suggesting a potential volatility breakout. Though the structure remains technically fragile, price is showing early signs of support retention.
Source: X
Momentum indicators align with this structural support. The Stochastic RSI has entered oversold territory, now around 20.08, while the MACD is flattening near the zero line. This convergence signals that selling momentum may be slowing. RSI(6) has dropped to 29.82, also reflecting oversold conditions.
The combination of these indicators, as highlighted by DeFi Dynamos, suggests a potential technical rebound, pending confirmation from upcoming price action. However, price remains below the mid-Bollinger band (~$14.37), and without sustained bullish momentum, the structure may remain vulnerable.
Short-Term Chart Shows Signs of Resilience Around $11.40
Over the past 24 hours, LINK has exhibited volatile but ultimately stable behavior, declining briefly to $11.45 before rebounding toward $11.85. The price action suggests that buyers are attempting to establish $11.40 as a temporary floor.
Daily trading volume reached $601.87 million, indicating strong participation during the dip. This recovery coincides with the weekly trendline retest, potentially reinforcing its importance as a medium-term support level.
Source: Brave New Coin
Chainlink’s 24-hour price Prediction recovery also demonstrates short-term bullish defense of the sub-$11.50 zone. This range appears to be the market’s current focus, with consolidation suggesting that traders are awaiting a catalyst.
LINK’s total market capitalization stands at $8.04 billion, ranking it 18th among digital assets. With 678 million tokens in circulation, the $11–$12 zone represents a consolidation phase under bearish influence. A sustained break above $12.00 could open the path toward reclaiming higher resistance levels, but continued volume is required to validate this move.
Chainlink Price Prediction: MACD and CMF Still Reflect Bearish Overhang
While short-term movements hint at stability, the daily chart reveals that Chainlink remains under bearish pressure. A prior uptrend that peaked near $19.53 has since broken down, and the current price of $11.86 marks a significant retreat.
LINK Price Prediction is trading well below key horizontal resistance, and although a green candle has formed, it does not yet confirm a reversal. The MACD (12,26,9) still shows a negative trend. The MACD line (-0.70) sits under the signal line (-0.54), while the histogram, currently at -0.17, reflects weakening—but persistent—bearish momentum.
Source: TradingView
The Chaikin Money Flow (CMF) at -0.05 indicates slight capital outflows. Although not strongly negative, this level shows that buying pressure remains insufficient to drive a trend reversal. With the CMF hovering close to the neutral line, future price direction may hinge on whether capital re-enters LINK with conviction.
If the current support zone near $11.50 fails to hold, the next downside target remains near $10.30. Conversely, a close above $12.00, accompanied by rising volume, may offer the first signal of renewed bullish control.
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